HK GDP to grow 4.3%: Experts

    Updated: 2013-01-04 06:36

    By Sophie He(HK Edition)

      Print Mail Large Medium  Small 分享按鈕 0

     HK GDP to grow 4.3%: Experts

    Shipping containers are stacked at the Kwai Chung shipping terminal. Hong Kong's GDP growth is expected to reach 4.3 percent in 2013, HKU economists say. Jerome Favre / Bloomberg

    Hong Kong's GDP growth is expected to accelerate by up to 4.3 percent for 2013 - from a 1.3-percent growth in 2012 - mainly due to the recovery in external demand, University of Hong Kong (HKU) economists say.

    Affected by the uncertainties arising from the European debt crisis, the weak economic recovery in the United States, as well as slightly slower economic growth on the mainland, Hong Kong's real GDP growth in 2012 is expected to be 1.3 percent, down from the 4.9-percent growth in 2011, Richard Wong Yue-chim, professor of economics at HKU, told a press conference on Thursday.

    But, to reflect strong external demand, HKU has raised its forecast for the city's real GDP growth for the fourth quarter of 2012 to 2.2 percent from 1.9 percent, and forecast that the growth rate would further rise to 2.9 percent for the current quarter, Wong said.

    With the worst of the European debt crisis seemingly over and the US economic recovery gathering steam, the low interest-rate environment will likely continue through 2015, and China's economy is expected to rebound a bit, he said.

    "Under these conditions, real GDP (in Hong Kong) is forecast to increase by 3.5 to 4.3 percent for 2013," he said, adding that he expects consumer inflation to be mild and the labor market to be stable in the upcoming quarters.

    Although the low interest-rate environment is expected to stimulate domestic consumption, which is positive to the city's economic expansion, Hong Kong people should be aware that a sudden rise in interest rates may create significant risks in the local property market, Wong Ka-fu, HKU assistant professor of economics, warns.

    He said that according to rent-based calculations, if current interest rates doubled, property prices may fall to half of existing levels.

    Wong Ka-fu expects Hong Kong's home prices to go up by only 5 to 10 percent this year, with the government continuing to exert controls over the property market to avert any drastic price changes.

    sophiehe@chinadailyhk.com

    (HK Edition 01/04/2013 page2)

    精品无码国产自产拍在线观看| 中文自拍日本综合| 中文字幕亚洲一区二区va在线| 久久精品无码一区二区三区 | 无码欧精品亚洲日韩一区夜夜嗨 | 中文字幕在线一区二区在线| 97久久精品无码一区二区天美| 中文字幕乱妇无码AV在线| 日韩欧美中文在线| 大地资源中文在线观看免费版| 99无码人妻一区二区三区免费| 无码精品视频一区二区三区| 免费无码又爽又刺激一高潮| 久草中文在线观看| 91中文字幕在线观看| 免费无码又爽又黄又刺激网站| 国产精品无码午夜福利| 人妻无码久久一区二区三区免费| 亚洲精品无码高潮喷水在线| 中文字幕在线看日本大片| 中文字幕一区二区三区在线观看| 欧美日韩中文国产一区发布| 无码精品第一页| 亚洲?V无码成人精品区日韩 | 无码人妻AⅤ一区二区三区水密桃| 少妇无码一区二区二三区| 日日摸日日踫夜夜爽无码| 无码人妻精品一区二区在线视频| 亚洲精品无码mv在线观看网站| 超清无码熟妇人妻AV在线电影| 免费无码又爽又刺激网站| 中文字幕丰满乱孑伦无码专区| 精品亚洲AV无码一区二区| 一本加勒比hezyo无码专区 | 久久久久久亚洲AV无码专区| 无码av最新无码av专区| 无码精品视频一区二区三区| 国产乱子伦精品无码码专区| 精品久久久无码中文字幕天天 | 日本成人中文字幕| 中文字幕亚洲综合久久|